Vestwell is a fintech company that simplifies the retirement planning process for employers, employees, and financial advisors. Their primary goal is to remove the complexities associated with traditional retirement savings accounts and empower individuals to take control of their financial future. The platform leverages cutting-edge technology to seamlessly handle tasks such as plan design, investment selection, and administrative work.
Vestwell has raised $125 million in a Series D round led by Lightspeed Venture Partners. The new round also saw participation from existing investors Fin Capital, Primary Venture Partners, and FinTech Collective, as well as new investors Blue Owl and HarbourVest. As part of the funding round, Justin Overdorff, a Lightspeed partner with a background in business development, has joined Vestwell’s board of directors, and Logan Allin, managing partner and founder of Fin Cap, will remain a board director since co-leading Vestwell’s Series C funding round. In total, Vestwell has raised more than $235 million up to date
Vestwell, New York, United States, was founded in 2016 by Aaron Schumm. Commenting on the fundraise, Aaron Schumm, CEO and founder of Vestwell, noted: “We’re exhilarated to announce our Series D round – our growth has been truly exceptional, and we’re honored to be working with an array of such esteemed investors and partners. We’re also excited to have Justin and Logan on our board as we partner to bring savings to a new level. With such great people and teams around us, the future continues to look very bright for Vestwell.”
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